Frank Hackett:
The business of management *is* management. And at the time CCA took control of UBS TV Network was floundering with less than 7% of national television revenues. Most Network programing was being sold at station rates. I am therefore pleased to announce I am submitting to the Board of Directors a plan for the coordination of the main profit centers and with the specific intention of making each division more responsive to management. Point one: the division producing the lowest rate of return has been the News division with its 98 million dollar budget and its average annual deficit of 32 million. I know that historically News divisions are expected to lose money. But, to our minds this philosophy is a wonton fiscal affront to be resolutely resisted. The new plan calls for local news to be transferred to owned stations divisions. News radio would be transferred to the UBS radio division and, in effect, the News division would be reduced from an independent division to a department accountable to Network.
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05/03/2025 alle ore 07:22
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